U.K. Pension Funds Group
Becomes Corporate Activist

By

Sara Calian Staff Reporter of The Wall Street Journal

Updated June 27, 2002 12:01 a.m. ET

LONDON -- Britain's National Association of Pension Funds is an unlikely rebel of corporate U.K.

The NAPF, which is one of the largest shareholder groups in Britain, has become a vocal leader in corporate activism. The association has stepped up pressure on U.K. companies on several issues -- including incentive-based executive pay, keeping the length of executive contracts to one year, clear disclosure of company information, and...